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July 23, 2024
West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.
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July 23, 2024
According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…
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July 23, 2024
The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…
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July 23, 2024
Keir starmer, the British Prime Minister, stressed on Monday that Britain's fighter-jet capability is important. However, he did not guarantee that a review of defence policy would not affect its next generation air combat programme with Japan or Italy.
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July 23, 2024
BAE Systems' managing director stated that the Global Combat Air Programme, a joint venture between Britain and Japan to develop a new fighter aircraft, will be launched in 2025. Keir starmer, British Prime Minister Keir said earlier in the…
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July 23, 2024
On Saturday, Defence Minister Yoav Galant stated that Israel had struck the Houthis after they injured an Israeli. Gallant stated in a press release that "the fire currently burning in Hodeidah is visible across the Middle East, and its significance…
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July 23, 2024
Yemen's Houthi Rebels damaged and destroyed a container ship flying the Singapore flag with two missiles Friday, as they intensified their attacks against global shipping in response to Israel's Gaza War. The Houthis, who are aligned with Iran…
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July 23, 2024
Maersk said on Friday that a fire had broken out on one of their chartered vessels, sailing from Mundra off the west coast of India, to Colombo in Sri Lanka. Local media reported that the fire was caused by a short-circuit, which resulted in explosions, and that a Filipino seaman died.
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July 23, 2024
The Global Centre for Maritime Decarbonisation in Singapore (GCMD) announced this week that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The GCMD started an 18…
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July 23, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system.
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July 23, 2024
Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…
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July 23, 2024
An official notice published on Thursday showed that Britain has added 11 new sanctions to its Russia sanctions regime in relation to the conflict in Ukraine. The government stated that the sanctions against ships such as Zaliv Amurskiy, SCF…
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July 23, 2024
Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.
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July 12, 2024
The German government announced on Friday that Berlin takes reports of an assassination plot against the head of Rheinmetall arms manufacturer very seriously. It will not be intimidated by Russian threats. CNN and The New York Times reported on Thursday that U.S.
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July 12, 2024
On Friday, Eneco Ocean Winds, and Otary, wind developers, announced that they had formed a consortium in order to compete for an offshore wind tender. The tender is to develop wind energy in the Princess Elizabeth Zone in the Belgian North Sea.
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July 11, 2024
A senior U.S. official announced that the U.S. will be forming a consortium with Canada and Finland to build icebreakers. This move is intended to boost shipbuilding among allies and to counter Russia and China's increasing influence in strategic polar regions.
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July 11, 2024
Max Maeder, Singapore's gold-medal hopeful, is the poster child of sailing's sea changes since the last Olympics. 'Foiling' classes, such as his Kiteboarding discipline, will make up half the 10 events at the 2024 Olympics, compared to only one event in Tokyo.
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July 3, 2024
The maritime authority reported that three people were killed and three others missing after a 17-member crew fishing boat capsized on Wednesday off the central coast of Portugal. In a press release, the maritime authority stated that "11 people…
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July 2, 2024
Italian customs and police said that they intercepted two Chinese military drones disguised as wind-turbine equipment and bound for Libya. A joint statement stated that the drones had been disassembled and were hidden in six containers in the port of Gioia Tauro, in the southern region Calabria.
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July 2, 2024
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Revolut's profits reached record levels last year, thanks to higher interest rates.